HMXAX Fees and Costs — AlphaCentric Premium Opportunity Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 2.32% (2.74% before fee waivers). This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $20K in broker commissions, 0.0505% of average net assets, and portfolio turnover was 0%.
HMXAX Fees and Expenses
Annual operating expenses and sales charges of HMXAX. Prospectus, as of July 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.66% |
| Gross expense ratio | 2.74% |
| Fee waiver | −0.42% |
| Net expense ratio | 2.32% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
HMXAX Costs Over Time
On $10,000 invested in HMXAX, assuming 5% a year before costs, total costs come to $2,094 over 5 years, cutting the return by 3.70% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $672 | $575 | $575 |
| Fund expenses (net expense ratio 2.32%) | $230 | $706 | $1,207 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $29 | $127 | $285 |
| Total costs | $935 | $1,423 | $2,094 |
| Value after costs | $9,565 | $10,153 | $10,669 |
| Impact on return, per year | 9.35% | 4.49% | 3.70% |
HMXAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0505%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $218.1M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
HMXAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $20K | 100.00% |
HMXAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Stonex Financial, Inc. | $213.5M | 97.89% |
| Interactive Brokers | $4.6M | 2.11% |
AlphaCentric Premium Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HMXIX | Class I | 2.07% | none |
| HMXAX | Class A | 2.32% | 5.75% |
| HMXCX | Class C | 3.07% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.